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Father of Cryptocurrency Millionaire Rescued After Violent Paris Kidnapping

French police freed the victim, who suffered a severed finger and faced multimillion-euro ransom demands, and arrested five suspects in the case.

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Overview

  • The father of a cryptocurrency millionaire was abducted on May 1 in Paris by four masked men who forced him into a van in broad daylight.
  • The kidnappers demanded between five and seven million euros in ransom, but no payment was made before the victim's rescue.
  • Police located and freed the victim on May 3 in the Paris suburb of Essonne, fearing further mutilation after the kidnappers severed one of his fingers.
  • Five suspects, aged 20 to 27, were arrested, and authorities have launched investigations into kidnapping, deprivation of liberty, and torture.
  • This incident is the latest in a troubling pattern of targeted attacks on cryptocurrency figures, following a similar case involving a Ledger co-founder in January.